What would NOT cause Duff beer’s production possibilities curve to expand in the short run?

How does the format of a memo differ from that of an e-mail? please answer asap

aivan3 [116]

Answer: Memos omit a closing signature.

(I took the test and this was the answer)

5 0

3 years ago

A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following?

denpristay [2]

I whould say A have a bless day

5 0

3 years ago

In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t

Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0

3 years ago

If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t

Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0

3 years ago

Many demographers predict that the United States will have zero populationgrowth in the twenty-first century, in contrast to ave

Fed [463]

Answer:

Check the explanation

Explanation:

The foremost thing is to first consider steady states. The Sluggish population growth rate swings in the line representing population growth and depreciation to the downward trend.
The new stable rate has a superior level of capital per worker thereby having a higher level of output per worker.
In Steady state, the entire output develops at rate n, whereas the output rate per worker grows at figure 0. Hence, slower population growth will hamper the figure of total output growth, but the rate of per-worker output growth will be the same.
Now reflect on the transition. We know that the constant-state level of output per worker is higher with little population growth. Hence, for the period of the transition to the new steady state, output per worker should grow at a rate faster than 0 for a sometime.

7 0

3 years ago